CSW Industrials (NYSE:CSW) Director Darron Ash Acquires 300 Shares

CSW Industrials, Inc. (NYSE:CSW) Director Darron Ash acquired 300 shares of CSW Industrials stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average price of $256.62 per share, with a total value of $76,986.00. Following the completion of the purchase, the director directly owned 1,155 shares in the company, valued at $296,396.10. This represents a 35.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

CSW Industrials Trading Down 1.4%

NYSE:CSW opened at $252.87 on Tuesday. The company has a market cap of $4.16 billion, a P/E ratio of 33.54 and a beta of 0.81. The stock’s fifty day moving average price is $297.88 and its two-hundred day moving average price is $276.76. CSW Industrials, Inc. has a 1 year low of $230.45 and a 1 year high of $338.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.36 and a quick ratio of 0.97.

CSW Industrials (NYSE:CSW) last announced its quarterly earnings results on Thursday, January 29th. The basic materials company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.51). CSW Industrials had a net margin of 12.64% and a return on equity of 14.55%. The company had revenue of $232.99 million during the quarter, compared to analysts’ expectations of $249.36 million. As a group, analysts expect that CSW Industrials, Inc. will post 8.49 EPS for the current year.

CSW Industrials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, January 30th. CSW Industrials’s dividend payout ratio is presently 14.32%.

Institutional Investors Weigh In On CSW Industrials

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arax Advisory Partners bought a new stake in CSW Industrials during the fourth quarter valued at approximately $28,000. Danske Bank A S bought a new position in shares of CSW Industrials in the 4th quarter worth $29,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of CSW Industrials in the 4th quarter worth $31,000. Global Retirement Partners LLC purchased a new stake in shares of CSW Industrials during the 4th quarter valued at $31,000. Finally, CWM LLC bought a new stake in shares of CSW Industrials during the 4th quarter worth $32,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Truist Financial boosted their price objective on shares of CSW Industrials from $271.00 to $292.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of CSW Industrials in a research note on Monday, December 29th. Robert W. Baird started coverage on shares of CSW Industrials in a report on Tuesday, February 17th. They issued an “outperform” rating and a $378.00 price target for the company. Citigroup decreased their price target on shares of CSW Industrials from $333.00 to $307.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. upgraded CSW Industrials from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $300.00 to $350.00 in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CSW Industrials presently has an average rating of “Hold” and an average price target of $327.14.

About CSW Industrials

CSW Industrials, Inc is a diversified industrial manufacturer that develops and supplies specialty chemical products, performance materials and precision surface solutions. The company’s offerings span a range of end markets including energy, industrial processing, converting and automotive, where its products serve critical functions in production efficiency, equipment maintenance and process enhancement.

In its chemical business, CSW Industrials produces solvent- and water-based formulations such as surfactants, corrosion inhibitors and custom blends used in oilfield exploration and production, metalworking, water treatment and other industrial applications.